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Democratic US States Challenge President Trump's Latest Tariffs in Court

Democratic US States Challenge President Trump's Latest Tariffs in Court

A coalition of 25 Democratic-led US states has filed a lawsuit against the Trump administration, contesting the legality of the latest tariffs imposed on goods from 60 trading partners. These tariffs, ranging from 10 to 12.5 percent, were introduced on July 24, 2026, under the pretext of combating forced labor. The states argue that these tariffs exceed the president's legal authority and are a continuation of previous tariffs that have been deemed illegal by the courts. Despite legal setbacks, President Trump has persisted in implementing new tariffs, which have been met with resistance from both states and small businesses. The lawsuit, filed in the US Court of International Trade, claims that the tariffs do not effectively address the issue of forced labor and instead impose unnecessary economic burdens.
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Singapore says exports worth $7.4 billion affected by new U.S. tariffs

Singapore says exports worth $7.4 billion affected by new U.S. tariffs

SINGAPORE, Aug 6 (Reuters) - About one-third of Singapore's exports to the U.S., worth S$9.5 billion ($7.4 billion), will be affected by a new U.S. tariff of 12.5% imposed on July 24, Trade Minister Gan Kim Yong said.
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Trump Administration's Tariff 'Plan B' Raises Economic Concerns Amid Legal Challenges

Trump Administration's Tariff 'Plan B' Raises Economic Concerns Amid Legal Challenges

The Trump administration has invoked Section 338 of the Smoot-Hawley Tariff Act to impose a 50% tariff on Canadian imports, marking the first use of this provision in 95 years. This move follows the Supreme Court's rejection of tariffs under the International Emergency Economic Powers Act (IEEPA). The administration's tariff strategy has faced legal challenges, with critics arguing that it harms the U.S. economy and violates international trade agreements. The tariffs have led to increased prices and job losses, drawing comparisons to the economic impact of the Smoot-Hawley Tariff during the Great Depression.
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U.S. Treasury Refunds $100 Billion in Tariff Revenue, Consumers Left Uncompensated

U.S. Treasury Refunds $100 Billion in Tariff Revenue, Consumers Left Uncompensated

U.S. Treasury Refunds $100 Billion in Tariff Revenue, Consumers Left Uncompensated
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IRS and Treasury Issue Guidance on Permanent Expansion of Paid Family and Medical Leave

IRS and Treasury Issue Guidance on Permanent Expansion of Paid Family and Medical Leave

IRS and Treasury Issue Guidance on Permanent Expansion of Paid Family and Medical Leave
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25 US States Challenge President Trump's New Tariffs in Court

25 US States Challenge President Trump's New Tariffs in Court

Twenty-five U.S. states have filed a lawsuit against President Trump's administration over the imposition of new tariffs on 60 countries, including India. These tariffs, ranging from 10% to 12.5%, were introduced under Section 301 of the Trade Act of 1974 following investigations into forced labor allegations. The states, predominantly led by Democratic governors, argue that these tariffs are an unlawful attempt to bypass previous court rulings that struck down similar measures. The lawsuit, filed at the U.S. Court of International Trade in New York, seeks to halt the tariffs' implementation, declare them unlawful, and secure refunds for importers. The White House defends the tariffs as a legal tool to address unfair trade practices.
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I.AM.GIA Adjusts Pricing and Shipping Policies for U.S. Customers Amid New Import Tax Requirements

I.AM.GIA Adjusts Pricing and Shipping Policies for U.S. Customers Amid New Import Tax Requirements

I.AM.GIA Adjusts Pricing and Shipping Policies for U.S. Customers Amid New Import Tax Requirements
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Giant's Withhold Release Order on US Imports May Take Months to Resolve

Giant's Withhold Release Order on US Imports May Take Months to Resolve

Giant's Withhold Release Order on US Imports May Take Months to Resolve
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U.S. Treasury Refunds $100 Billion in Tariff Revenue Amid Legal Challenges

U.S. Treasury Refunds $100 Billion in Tariff Revenue Amid Legal Challenges

U.S. Treasury Refunds $100 Billion in Tariff Revenue Amid Legal Challenges
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Trump Administration Refunds $100bn in Tariff Collections After Court Ruling

Trump Administration Refunds $100bn in Tariff Collections After Court Ruling

The Trump administration has refunded $100 billion of the $165 billion collected from tariffs deemed illegal by the U.S. Supreme Court. These tariffs, part of President Trump's economic strategy, were intended to boost domestic production and secure better trade deals. However, the court's ruling has forced the government to return funds to affected companies. Despite the refunds, the administration has imposed new tariffs on over 80 countries, citing forced labor concerns.
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25 states sue over Trump's new tariffs, calling them 'pretext' to replace his old ones

25 states sue over Trump's new tariffs, calling them 'pretext' to replace his old ones

Twenty-five states sued the Trump administration Monday over its latest tariffs, calling them a pretext for replacing import taxes the Supreme Court struck down in February
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India's Record Russian Oil Imports Amid U.S. Tariff Threats

India's Record Russian Oil Imports Amid U.S. Tariff Threats

India has increased its imports of Russian oil to a record 2.78 million barrels per day in July, despite the threat of potential U.S. tariffs. The U.S. Senate has advanced legislation that could impose 100% tariffs on major importers of Russian oil, including India. However, the bill faces significant hurdles in the House of Representatives and has not yet become law. Indian refiners continue to prioritize Russian oil due to its competitive pricing and reliable supply, especially amid geopolitical tensions affecting Middle Eastern oil routes.